7 Mar 2018 16:26
AVEVA GROUP PLC
("AVEVA" or the "Company")
Notification of transactions of Directors/Persons Discharging Managerial Responsibility
Further to the announcement of 1 February 2018, on 6 March 2017, AVEVA granted options to acquire ordinary shares of 3 5/9 pence each in the Company to Craig Hayman, its Chief Executive Officer (the "CEO"), under the terms of the AVEVA Group Long Term Incentive Plan 2014 and under a special one-off agreement entered into between the Company and the CEO pursuant to Listing Rule 9.4.2R(2) to facilitate his recruitment and to buy-out awards over stock in his former employer, which he forfeited upon joining AVEVA.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Craig Hayman | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - CEO | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| AVEVA Group plc | ||||
b)
| LEI
| 213800XHATUM2LFMKG16 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Nil cost options to acquire ordinary shares of 3 5/9 pence per ordinary share
ISIN: GB00BBG9VN75 | ||||
b)
| Nature of the transaction
| Grant of nil-cost options by the Company to the CEO over ordinary shares of 3 5/9 pence per ordinary share under the terms of a one-off recruitment award agreement entered into between the Company and the CEO pursuant to Listing Rule 9.4.2R(2) to facilitate his recruitment and to buy-out awards over stock in his former employer, which he forfeited upon joining AVEVA.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| Total 296,479 nil cost options over shares priced at 2,034 pence each
| ||||
e)
| Date of the transaction
| 06 March 2018 | ||||
f)
| Place of the transaction
| Not on a trading venue | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Nominal cost options to acquire ordinary shares of 3 5/9 pence per ordinary share at an option exercise price per share of 3 5/9 pence
ISIN: GB00BBG9VN75 | ||||
b)
| Nature of the transaction
| Grant of nominal cost options by the Company to the CEO over ordinary shares of 3 5/9 pence per ordinary share under the terms of the AVEVA Group Long term Incentive Plan 2014 at an option exercise price per share of 3 5/9 pence.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| Total 16,204 3 5/9 pence options over shares priced at 2,034 pence each
| ||||
e)
| Date of the transaction
| 06 March 2018 | ||||
f)
| Place of the transaction
| Not on a trading venue | ||||
Enquires: | Telephone: |
AVEVA Group plc | |
David Ward, Deputy CFO and Company Secretary
| +44 (0)1223 556655 |
FTI Consulting | |
Ed Bridges/Dwight Burden | +44 (0)20 3727 1400 |